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osborne unveiled the government's proposed tax and spending plans to members of the british house of commons. he told members 600,000 more jobs will be added this year according to forecasters. corporation tax will be cut to 20%, the lowest tax rate than any other economy in the world. in his one-hour speech, chancellor osborne announced measures aimed at assisting small business owners, first- time homebuyers, and british veterans. this is about an hour and 15 minutes. mr. deputy speaker, this is a budget for people who aspire to work hard and get on. it's a budget for people who realise there are no easy answers to problems built up over many years. just the painstaking work of putting right what went so badly wrong. and together with the british people we are, slowly but surely, fixing our country's economic problems. we've now cut the deficit not by a quarter, but by a third. we've helped business create not a million new jobs, but one and a quarter million new jobs. we've kept interest rates at record lows. but mr. deputy speaker, despite the progress we've made, th
a blue-collar conservative project which has taxes are people who work hard, do the right thing and want to get on? stop spending billions of pounds we don't have on overseas aid where we saw -- helping with their cost of living -- [inaudible] >> first of all, can i thank the honorable frien thing for givine the opportunity to remind people that even before this budget in two weeks time there will be a tax cut for 24 million people in our country? [shouting] as we raise the amount of money you can earn before you pay tax come we will take an over too many people out the tax altogether. we have frozen the council tax. we have canceled fuel duty increase after fuel duty increase, and we are legislating -- and i can also tell him where not going to carry on with a proposal made by the previous energy secretary which was about 179 pounds on everybody's bill. we decided to scrap that. >> ed miliband. [shouting] >> trento want to ask the primers about the situation in cyprus. can the prime minister update the house what is being done to protect the british nationals including our armed forces
them tax credits to make the cost of coverage from the employer's perspective more affordable. >> okay, great, thank you. >> commissioner o'brien. >> would you say in your opinion, that there is a lot of overlap between the two programs? i mean i'm trying to see if the health care act is left in case, which is obviously going to be the place and the other option was taken out, the health security, would that leave a wide slot or section of people that are vulnerable and not covered that wouldn't fall under the umbrella of the affordable care act? i'm trying to -- it's extremely complicated and we're finding out it's going to take a lot of work to research how these programs work on their own first, and then between each other. and i was wondering would it be easier to amend one of them to sort of just be adjusted to fill in the gaps of the care act that doesn't cover it? so that it would be easish to manage the whole thing? would time be sent better trying to engineer it that way, then trying to evolve both of them and keep reconciling both of them with each other? >> that is a
national debt, and even a bib llically based call r a flat tax. that's what i love. is he the conservative that can save the gop? here is the aforementioned dr. ben carson. director of the pediatric division at john hopkins university. and with us this hour, cnbc contributors keith boykin. as always, dr. carson, great to see you. i'm reading one of many articles that you're retiring in 100 days. i wonder if you would share future plans, especially public service. >> i have a lot of things on my agenda. i've got ten international trips. a multitude of speaking engagements around this country. we're working very hard with the college fund. we're in all 50 states. we're putting in reading rooms all around the country. particular particularly targeting title one schools. >> as you know, senator carl levin is retiring. any interest in that open senate seat? >> people keep trying to put me into politics. i don't believe i fit the mold. i don't believe in political correctness, and i certainly don't believe with getting into bed with special interest groups. i just don't believe i'd fit. >> how a
for increased city tax revenue. so i submit, mr. martin has declined them to about 13 million. that's significant reductions in the transient occupancy tax, significant reduction in payroll tax. and those reductions are larger than the one-third reduction to overall expenditures partly derivative in large part by the number of sipped katz. greater numbers of syndicates leads to disproportionate increases in the transient occupancy tax as well as payroll taxes paid. ~ the retail taxes have also declined, but back out a third, same as decline in overall expenditures. we have a net decline of about $10 million projected in city revenues. >> so, just -- mr. eagan talked about a 6.1 increase, million dollar increase in hotel tax revenue. it would require a 7% increase in hotel tax over a three-month period. what is your response to that, which is a significant increase over a three-month period. do we expect during this time that's what we'll have for the america's cup event? >> my expectation for rev par is that it would see a significant bump. having in addition between 5 and 25,000 pe
to the streets to protest and a tax of up to 10% on their life savings. on sunday, fresh protests erupted. on cyprus withre the economist richard wolff after the headlines. and your report says the cia has been supporting a vast expansion in the flow of weapons to syrian rebels fighting president bashar al-assad. the new york times reports the airlift of arms and equipment to the rebels, largely overseen by turkey, has massively increased since early 2012 to include more than 160 flights in jordanian, saudi and qatari planes. u.s. intelligence officers have helped shop for weapons and have vetted rebel groups to decide who gets the arms. the cia's covert backing comes despite the obama administration's public support for solely non-lethal aid to the rebels. meanwhile, the cia has further increased its role in syria by feeding intelligence to rebel fighters for use against the syrian government. the wall street journal reports the move comes as part of the u.s. effort to tamp down on islamist militants in syria by aiding secular forces. secretary of state john kerry has urged iraq to take
do you want to spend tax dollars. i'm going over quickly as why should we care. quickly the abc's of the relationship of key prop k plan. special arts and how that relates to the san francisco transportation plan which you will have an update on this agenda and what was the process on the schedule. this is probably the key slide. this is the big chance for the board, public, private sponsors to get together and decide what do we want to fund in the next five years. we are looking at the 13, 14, 16, 17, timeframe. one of the main objectives of this was to develop courtesy of the advisory of citizens who put together the expenditure plan. this is to provide transparency and how do we decide which projects will be funded and which won't. and what are those projects. we can see them ahead of time for the next five years. that provides earlier opportunities and allows you can to coordinate even sponsors for the projects. as i mentioned prop k was admitted in 2003. i will go some of the details. in 2003, there was over $2 billion in state and local funds. a total of $12 billion progra
. >> liberals you could actually lose me. it is outrageous what we are paying. >> taxed out the wazoo. are millionaire liberals waiverring on support for the president's policy? and -- >> we have your back. america support for israel security is unprecedented. >> does our greatest ally in the me mid east trust our president? >> plus, a colorado sheriff explains why he won't enforce his' tough new you gun control law. and breakthrough artist of the year rock the house with the governor. ♪ >>> ladies and gentlemen, governor mike huckabee. [ applause ] >> mike: thank you. thank you very much. a great lively audience and a fantastic show lined up for you. welcome to huckabee from the fox news studios in new york city. who would have thought that just over four months after liberals were dancing in the streets over president obama's reelection they are now crying in their beer and some don't even drink beer but they started. because they are are now realizeing that their taxes have gone up. way up in some cases. and obama care which was supposed to save them $2,500 a year is busting thei
, states finally saved enough tax revenue for a rainy day. why are they preparing for a huge spending binge? how taxpayers could be soaked coming up. more "money" coming up. ♪ it's monday. a brand new start. your chance to rise and shine. with centurylink as your trusted technology partner, with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every day of the week. it's part of what you slove about her.essing. but your erectile dysfunction - you know, that could be a question of blood flow. alis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tlet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctorbout all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pn, as this m
this week. spending cuts stay in place many pet projects no longer on the table. big tax hikes gone. dare we say republicans win? with that as the back drop stocks open a little higher today and gold will be lower. "varney & company," yeah, about to begin. ct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-send stats. [ indistinct shouting ] ♪ it's so close to the options for... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ from td ameritrade. a brand new start. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine everday of the week. >> it is monday, march 25th, cyprus gets its bailout. but the country's in financial chaos and faces an economic depression. in short, here is what's happened. angela merkel wins, the germans win
hear how much the $338 million jackpot breaks down after they pay taxes. "fox & friends" starts now. >>steve: welcome back to the studio. look who's back after a long vacation. >>gretchen: i knew that rooster called this morning. >>brian: is that how you got up? >>gretchen: i didn't sleep that much. i'm on a three-hour time delay. but glad to be back. nice to come back to a snowstorm on the east coast. >>brian: did you get my promo this morning? >>gretchen: i saw your lips moving and if i was reading lips correctly, i thought i heard you say? >>brian: gretchen carlson will debut her entire vacation picture by picture day by day. >>gretchen: i believe 7:30 eastern time i brought one picture. i needed marlon perkins on vacation. that's the clue. >>steve: he's unavailable. >>gretchen: i was pulling a brian for a moment. he always refers he needs marlon perkins and then we have to tell him he's no longer with us. it has to do with an animal that was very dangerous. stay tuned. great to be back. in the meantime let's get to your headlines. a last-minute deal to bail out cyprus. in exchan
as senators dealt with amendments all over the place ranging from the keystone pipeline to eliminating tax breaks for fish tackle box manufacturers. no joke. it's true. passed a budget by a margin of one vote. >> now, the average budget resolution considered 78 amendments, we've done 101. average 35 amendments, we've done 70. twice as many. doing this has been a herculean feat. >> i know everyone is exhausted, and you may not feel it at the moment, but this is one of the senate's finest days in recent years and i commend everyone who's participated in this extraordinary debate. >> can't figure out if mr. in cane is awake. not a single republican supported the plan and four democrats each up for re-election next year also voted against their party's budget. the plan cuts $1.85 trillion over 10 years through a mixture of tax increases and spending cuts and will not balance the budget. the house republican budget which was already defeated in the senate would have slashed $4.6 trillion in spending over the same period without raising taxes. now senator patty murray, the architect of the senat
in the banking sector and with higher taxes, the cypriot economy could shrink by 10%. with years of hardship. and that is the big unknown. will the rescue end uncertainty or will cyprus end up like some of the other bailed out countries, with a lost generation, facing recession and job losses? >> pretty grim prospects in cyprus. and in a speech to the cypriot people tonight, the president called the deal painful but he said it was the best he could get. for more on the reaction there, i spoke to the bb's tim wilcox. we have now some clarity on the deal that cyprus has struck with europe. does it look like the island's actually going to be worse off because of this? >> it's instinct because i've just been talking to one of the m.p.'s who voted against the proposals last week, which was going to have a 10% levy or hair cut on deposits over 100,000 euros and 6.7% for those under, and she admitted today for the first time, because she hasn't on previous occasions, that probably people would be worse off and that is because of the fundamental damage that this -- the bailout deal is going to do to
checking in on paychecks: has the payroll tax increase hit the american wallet? in today's cover story, bracing for higher premiums. ways employers are planning to handle your healthcare. plus, home sweet home: why more baby boomers are investing in home ownership later on in life. and, how basketball brackets can help you meet your money goals. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's monday, march 25th. i'm angela miles. in today's first look: time marches on. it's a short week for traders with the market closed for good friday. easter is early this year. stocks ended up last friday as it looks more likely that cyprus will get a bailout from the european union. gold slid 6 dollars, while oil gained $1.43. time will tell with tech giants. apple, google, samsung and now lg are all rumored to be developing smart watches. and cutting a deal: look for bi-partisan legislation to come from the senate that could overturn the tsa's decision to allow knives on planes. congress reportedly has been
and finally got done about 6 months later. looks great, needed to be done and i looked at my tax bill a couple months ago and i wasn't supposed to have my taxes raise today do this. it went up a lot. >> thank you. i will be asking about dbi and make sure we are being coordinated on this. next speaker. >> mr. chairman, representative of the committee, i'm with the association of realtors. we support the ordinance and in particular we have been very pleased with the progress we have been making with the city staff and sponsors and authors of this legislation for one amendment that we have requested and that is to require disclosure at the time of sale. we have crafted the amendments submitted them to mr. leaney and he's committed to work with us and craft that legislation and insert it in the appropriate time as soon as possible. this will help facilitate the intent and direction of the ordinance as well as a shorter greater compliance at the time of sales. thank you very much. >> thank you very much. would that be trailing legislation? no. great. thank you, next speaker. >> good afternoon, my n
in the payroll tax, which is absolutely affecting consumers. also, gdp will be faked. corporate earnings will be affected be the rising dollar and slow european recovery, if there is a recovery. and when we look at the storms, many in the northeast have fallen othe weekends, the time that consumers spend most money. and rising gas prices, high energy prices and that saps of what is left in the consumers' pocket. the rosy part is good for florida real estate because you have people leaving high tax states, wanting to move south and run from the cold weather. >> neil: all right. thank you very, very much larry glazer. in boston, one of the few times in the storms we have seen, boston is not going to be that adversely impacted. >>> now we know your bank account ain't safe. they're still going after it in cyprus. but since they're only going after rich bank accounts. no wore for us, says who? get ready because we have somebody who is predicting chaos, and is banking on it, literally. >> neil: this just in. tomorrow we will know whether cyprus residents who can finally get their hands on thei
me. it's outrageous what we're paying. >> taxed out the wazoo, are liberals wavering on support for the president's policies? and we have your back, america's support for israel is unprecedented. >> does our greatest ally in the middle east trust the president? >> and why he won't enforce a tough state gun control law and break through artist of the year, and they rock the house with the governor. >> ♪ ladies and gentlemen, governor mike huckabee. [applaus [applause] >> thank you. thank you very much. we've got a great lively audience and a fantastic show lined up for you. welcome to huckabee from fox news studios in new york city. who would have thought four months after liberals were dancing in the streets over president obama's reelection, they're now crying in their beer and some of them don't even drink beer, but they started because they are now realizing that their taxes have gone up. way up in some cases and obamacare, which was supposed to save them $2500 a year is busting their budgets, as the cost of their health care is soaring. ultra liberal comedian bill maher m
a silicon valley insider and former yahoo coo daniel rosenzweig on the push for the sales tax. what impact will that have on retailers? you'll want to hear his answer this morning and first, why dollar general can make some sense for your portfolio and take one more look at futures this morning. looking at a pretty decent open for a short workweek this day as we have good friday off here. live from squawk on the street from post 9 when we return. your big picture. but e with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> shares of dollar general rising in pre-market tradex clueding items that yrms 97 cents a share, beating wall street forecasts and revenues essentially in line with the company benefiting from increased food sales and jimmy,
in funds that were originally estimated for phase 1 budget from tax revenue and the sftca won't be available for phase 1 construction. the other revenue sources that we've identified as potential funding strategy for the adjustment in the phase budget would be to increase the loan amount. we are beginning the dialogue with it to make those adjustments. that potentially could result in as much as $97 million in additional revenue to the program. sales tax that the programmed out in future years to phase 1, that would result in about $15 million in phase 1 funding. we have a pending grant through the one bay area grant program to fund pedestrian area for bikes just over $10 million and we are ranked highly in that process and expect to hear something later in this spring with the success of that grant. also potentially accelerating grants from phase 2, likely through a no interest loan from one of our partners. the phase the can't be developed until actual phase 1. because of the restrictions of the use of land sale revenues, we are looking at this to construct only a relative
for losers ♪ ♪ 'cause we are the champions ♪ ♪ of the world. ♪ i know taxes. the ins and outs and how to get things done. you can bring me any tax problem and i will deal with it. we know and we understand. tax laws. tax theories. the more complicated the better. just bring it on. sorry, somebody's sitting there. who? my physics bowl trophy. that trophy is meaningless. i forfeited, therefore you did not win. i know someone who would disagree. who? my physics bowl trophy. (high voice): leonard is so smart. sheldon who? all right, that is very immature. you're right. i'm sorry. (high voice): i'm not! okay, new contest. leonard: what are you doing? i am settling once and for all who is the smartest around here, okay? are you ready? absolutely. bring it on. okay. "marsha, jan and cindy were the three daughters in what tv family?" the brady bunch. okay. "sammy hagar replaced david lee roth as the lead singer in what group?" the brady bunch? van halen. all right. "madonna was married to this ridgemont high alum." oh, my god! sean penn! how do you know these things? i go outside and i talk to peopl
will have to come along with tax increases. this deal still hurts. >> i do not think there is any denying that the cyprus people will have to go through tough times and will suffer the consequences. we had to adjust over relatively a short period of time. rich: now the question is what does this mean for the rest of the euro zone? this, the bailout should be a template for the rest of europe and banks should be reduced. back to you. connell: rich edson lives in cyprus. trading halted in some of those italian banking stocks also added the comments in terms of a template. time to bring in axel merck. your thoughts? >> good morning. when someone screams fire, you do not want to shut the accident. halting stocks, i do not think, is helpful at all. i think it is rather responsible. the question is what will happen. obviously, investors are taking action. connell: you just look at the big board here in the united states and the green at the beginning of the day has now turned red. european markets losing some steam. you talk about the italian banks and how it would not be a good idea to halt th
. his government has been blamed for a lot. the country has become a bit of a tax haven for rich russians. some banks, we are told now, will reopen on tuesday, but restrictions will be in place. there was real fear there will be a run on those banks when they do reopen and in fact, we have just learned that the two biggest and most troubled banks will not reopen tomorrow. we're told now they won't open again until thursday. what is the u.s. take away from all this, megyn? >> europe, the ally, and trading partner for the united states, certainly, is intact. that's a good thing. but according to experts, the credibility of the euro shall the credibility of the european union has been damaged by all of this back and forth for the past couple of days. as you noted, a very dangerous precedent has been set, that is dipping into private bank accounts to pay for the government, and maybe that's why we see the markets both here and in the states go down today. >> megyn: greg palkot, thank you. it's not often that the economy in cyprus makes global headlines, but experts say the latest and
as it could have been. there was talk at the beginning of the whole crazy mess last week that they would tax mom and pop depositors with less than 100,000 in the barng. they did nothing wrong. they did not get the banks in that mess. a lot of outrage about that. protests in the street, et cetera, et cetera. we're now trying to grab those funds above 100,000 euros and the rub here is that there's at love russian offshore money in cyprus. that's what the authorities are trying to grab. >> parking money. >> i'm getting very nervous. >> to pick up on what you're saying about what you call the tax in that first proposal, a lot of the critics said it is not a tax. that goes to the core of this. the entire financial system is based on trust. the average consumer isn't worried as much about bond yields. the trust when they put money into the bank, they can take it back out. how much did the floating of that proposal cut against that trust? i think hugely. i wrote a column about this this week. i think if you're an italian or a spaniard or in another potentially beleaguered european country, you're w
for bankruptcy. they base their budget on anticipated developer fee skpinz creasing tax revenues but that vanish whtd mortgage bubble burst. creditors more could have been done to cut employee pensions. the trial is expected to last four day autos freezing temperatures and snow could not detour dozens of people in washington hoping to hear the high court take up the two gay marriage cases tomorrow. you can see them huddled under umbrellas and tarps. the lines began forming on thursday with some people paying others to hold their place in line. the court seats about 500 people and 50 seats are expected to go to the public. tickets are handed out on a first come, first served basis. >> marriage equality advocates will meet for a rally at harvey milk plaza at the castro. then at 7:00 will march for a second rally starting at 8:00. abc 7 news mark matthews is in the news wroom a preview of the arguments. >> the bay area has a lot of interest as you know in the hearing. san francisco among the first cities to issue marriage licenses to same-sex couples. two women from berkeley makeup one of the coupl
and maybe i will talk a little bit more, 74% almost had never heard of the small business tax credit. 63% had never talked to their state senator. their assembly person or to the governor, which i think is a little scary and it's something that hopefully you as a commissioner will re[tpo-rpbs/] that we reinforce to our representatives. those who did need capital 2:1 and those who couldn't get capital versus those who can't get capital. so it's clearly a problem for those who need it. when you look at the hiring. almost twice as many people decreased their employment as increased their employment and as far as revenues, more people had decreased revenues in last yeah, versus increased revenues. looking this over, it's a little sobering, because there is a certain amount of frustration and negativity, but i thought those numbers would have improved given the economy. thank you for the opportunity to talk to you. >> scott, i want to say thank you for everything that you do on behalf of small business california and small business san francisco. i think it's amazing and this is a testamen
to realize that it's now coming up with a split roll tax to have all the owners to increase their property taxes by 2 or 300 percent. i don't feel that many of us can withstand all the expense and i think a lot of this we'll have to give up our properties. we will buy something somewhere else. i don't know how that will impact the economic situation in san francisco, but we just can't do it. we are still paying the same maintenance, city tax on water and garbage and although our buildings are worth more until we die. >> thank you very much, next speaker. >> supervisors, thank you very much. i'm a private consulting structural engineer in san francisco. i'm here to speak in behalf on the cap ordinance and seismic safety program being proposed. i commend the supervisors and mayor who have propose td program. i think it is vital as a past member and president of the san francisco commission, i know how hard it was to get this program started, implemented and going. i'm fully in support of this. i hope i speak for the rest of my peers in the engineering community. this is vital and should be
improvements are not subject to reclassifying the property as a higher tax rate that states law allows you to do that as retrofit. additionally we are looking into the loan process and these buildings maybe historic and landmarks. it would require a vote. with the mellow roos, they effectively become the voting body so they get to decide between the group when money is build out for these i am improvements that is repaid for their property taxes and gives them the mechanism without taking a loan individually. that is an interesting feature of it. if these properties change hands. the loan actually goes with it and the person who originated the loan is relieved from the debt. >> then in terms of the actual work that's being done, there was reference made before which is issued that i have been thinking about. in terms of making sure that the process for property openers owners who are complying with the law and somehow got financing and want to do the work and have to get to the planning department and planning of building inspection. what is your competence level that will our policy inte
the principles we have we need to be more eck policity with and instead of saying we want revenue neutral tax reform i think we need to stand up and say we want to leave more money in the economy and reduce taxes. when rye bega regan did it we % growth in one year. we don't reinvent ourselves in this way. unless you stand for something people aren't motivated to go out and vote for you. >> chris: talk about things you stand about. immigration you came out with your ideas for a comprehensive plan this week and you are taking fire for both the right and the left. your call four plan for creating a legal status, not citizenship but a legal status for the 11 million folks who are already here illegal immigrants already here but taking fire from the right because you oppose the e verify is system which would make it easier for employers to check whether workers are in fact legal or illegal. why would you oppose that? >> that is not the main part of my plan. the main part of the plan is trust but verify. says we have to have border security. conservatives wanted border security before we had immigr
there is a dying breed of republicans that i grew up with, the conservative business, low-tax and it is a natural fight, and i agree, i hope they continue to battle it out until after we get a woman in the white house and do some other things. then you all come back from the dead in 2050. sometime around that period of time. when the maya predicted the world would end in 2012, they were talking about republicans. [laughter] i see the democratic party, we have enormous challenges as well. i do not like the fact that my native south has a lot of republican governors. i like to make sure that the party is competitive in the south as all as in the northeast and the western part of the country. for that to happen, we have to make sure that we can articulate that vision the people in the south want us to have in terms of our role about government, but also the kind of country we want to be. right now i feel a lot better about the democratic party than i did four or five years ago, because it is a stronger party. >> the notion we have to spend money organizing or we did not do well because of technology
closing tax loopholes on higher earners. surprising no one, the senate's balanced approach was rejected wholesale by republicans. in their response to president obama's weekly address, tea partiyer mike lee tried to explain the gop's resistance. >> to republicans, the budget isn't just about dollars, it's about sense, common sense. >> in this case, common sense equals amendment-a-rama, as the senate debated the budget, republicans in the upper chamber went after their least favorite thing in the whole world, obama care. politico noted of the 100 amendments considered, more than 20 were related to health care, medicare or the health reform law. five amendments related to a k woman's right to choose. marco rubio's proposal to make it a crime to transport a woman across state lines for an abortion and rand paul suggested that the u.s. should save some money simply by withdrawing from the united nations. but approving the keystone pipe line? that nonbinding amendment passed. with the support of 62 senators, including 17 democrats. >>> with president obama set to release his own budget whe
be close to passing a new online sales tax. the senate approved a nonbinding amendment that would allow states to collect sales tax from online retailers that are grossing more than $1 million. the vote mostly symbolic. but this could lead to further legislation. right now states can only tax internet sales if the retailer has a physical presence in their state. amazon customers here in california they already pay sales tax. >>> an investigation into contributors to a state political action committee is expanding right now. the huffing ton post reports the states fair political practices commission. that pack reported receiving $11 million for campaigns to defeat a tax hike backed by governor brown and to pass is a measure that would have curbed union spending on elections. california law requires contributors to state initiatives to be publicly disclosed. >>> most babies are fed solid food too soon. 98% of mothers say they give their baby's solid food before the age of six-hundredths. doctors recommend against solid food for at least six months because it's hard to digest. early introd
campbell ktvu channel 2 news. >>> lawmakers may be close to passing a new online sales tax. the senate approved a nonbinding amendment that would allow states to collect sales tax from online retailers that are grossing more than $1 million. the vote mostly symbolic. but this could lead to further legislation. right now states can only tax internet sales if the retailer has a physical presence in their state. amazon customers here in california they already pay sales tax. >>> an investigation into contributors to a state political action committee is expanding right now. the huffing ton post reports the states fair political practices commission. that pack reported receiving $11 million for campaigns to defeat a tax hike backed by governor brown and to pass is a measure that would have curbed union spending on elections. california law requires contributors to state initiatives to be publicly disclosed. >>> most babies are fed solid food too soon. 98% of mothers say they give their baby's solid food before the age of six-hundredths. doctors recomme
been taxing literally all of the accounts, so they kept the banks closed so people wouldn't drain their accounts. so what is happening now. >> cyprus has struck a deal that taxes just the biggest bank accounts, anything more than $130,000. and that will hit mainly foreign investors. will hit them the hardest anyway because the banking system in cyprus takes in billions of dollars in foreign investment, especially from russia. >> but the deal is good for americans, europe is actually one of our biggest trading partners. and if it's in turmoil, europeans not in the mood to buy any american goods. american markets were higher friday in the hopes the deal would be reached this weekend. what is the reaction today? >> zain asher's in new york for us. tell us what happened. there was a bit of a bounce but then it came back. what's been the impact? hey, michael, and suzanne. sduric manages a gain. dow hit a new intraday high 14,563. the s&p got within one point of a record high. but we watched the s&p a little bit more closely because it's bigger, 500 stocks as opposed to the dow's 30. an
. they pay their taxes. they may have different circumstances, but they're just as hard working. i think the border generally is insecure. if it was secure, we would not have a drug problem. people always want to blame. pack the bulbto -- pass the buck when they cannot deal with the real issue. that is my opinion. i appreciate you listening. --t: dan tweets in monte writes immigrants legal or illegal, to hand and enough to eat and consume. they help the economy and take jobs from no one. you can share your tweets tith us. -- with us. focusingrom reuters, u.s. immigration detention cost. there was much controversy recently about federal officials releasing hundreds of immigrants from detention centers, ahead of the looming budget cuts. the real issue should be the u.s. taxpayer foot as the bill to retain more than 30,000 people every day. not a group of immigrants to pose little threat to public safety were transferred out of federal facilities last week. and he says that should not be the focus. instead the fact that they're being detained should be. she writes whenever the circumstances
. >> they call it the tax gap. >> engineering to get us back to earth as fast as they can. everybody, grab your strategic plans and get ready to beam down. >> shall i wear a ski cap to cover my ears, captain? >> nah, the ears are fine. >> the irs now says that video is not reflective of overall irs video efforts and they have put new standards in place. by the way, the other part of the $60,000 cost was a training video in the form of a "gilligan's island" spoof. >>> finally, the unexpected result of chris christie getting a visit from former nba star shaquille o'neal? from "new york" magazine, "chris christie has to find a way to make shaq his running mate while shaq is in no way qualified to run the country, he is, however, an extremely large person. all christie has to do is stand next to him on the campaign trail at all times and his size problem will disappear." shaquille o'neal was meeting with christie to get involved with the state's gun buy-back program. >>> up next, how far out of step is today's republican party with the rest of the country? we've got some new poll data that suggests
knowi think the outrage over this deposit tax is about the honesty of the approach. if you think about it, citizens around the world suffer from that tax. in the united states, how long have we had 0 #% interest rates in the united states? how much money have savers lost who keep money in the bank because they have not received interest on deposits all these years? what about prices? because the federal reserve does quantitative easing, food prices go up, gas prices up, and deposits lose value. at least with the tax in cypress, it was more honest. the government up front saying we're going to take your money. we're doing it secretly, and i think the honest approach is bett. shibani: they make parallels in cypress, and what you mentioned happens here in the u.s., but the levy on bank deposits, this is what is causing a storm, and it's really getting people upset. are you concerned about any kind of precedence this could bring into the industry into europe and what it could do to banking confidence as a whole because when you start to have runs on banks and runs into atms as we see vis w
for more than a week, tried to impose a huge tax on large deposits and restricted how much cash you could withdraw from an atm. that's exactly what's going on tonight in cyprus. a member of the eurozone as it tries to raise enough money to qualify for a big bail-out from european lenders. cnbc's michelle caruso-cabrera has the latest tonight from cyprus. >> reporter: lester, all the banks on cyprus closed for nine days now. only the atms are working and just today they announced withdrawals would be limited to only 100 euros. but many of the machines don't have any money anyway. long lines all week at the atms of cyprus' weakest bank. customers desperate to get as much cash as possible in case the bank collapses. at supermarkets, families stocking up. fearing shelves will soon be empty with all the banks closed, businesses can't pay for supplies and restock. buying so much, olga brought her two teenage sons to help. >> well, we are concerned that there will be shortages of food. so it is definitely we want to make sure. i have a family, i have to feed my family. >> reporter: tonight the p
california debt limit allocation committee tax exempt bonds so that such projects are subject to the program, but that units may qualify as on or off-site units under certain circumstances; allowing income levels of qualifying households to exceed those specified in certain situations; authorizing the mayor's office of housing to change a monitoring fee to verify occupancy of affordable units; making technical clarifications and corrections, and making environmental findings and findings of consistency with the general plan. ~ ordinance >> thank you. and item number 1 is sponsored by the mayor. and i do have amendments that have been requested by the mayor's office of housing and, so, i will distribute those. the amendment is to add an uncodified section to the ordinance providing that the exemption from the inclusionary housing program for california debt limit allocation projects continues to apply to any project that as of today has already received approval from the planning commission or the planning department. dan adams from the mayor's office of housing is here to speak to the legisl
not have had to pay the $600,000 in estate taxes she had to pay when her partner died. that's what we're talking about. that's the kind of equality, but regardless of what the court decides, edith and thea are still going to love each other and still going to be a couple. >> the thing is that edith and t he a don't want separate but equal treatment under the law when it comes to civil unions or marriage and that's what the whole thing is about. >> it's not separate and equal. that's the whole conversation. >> absolutely. >> there's more than 1,000 laws that are separating, you know, same-sex couples from heterosexual couples who are in the same comparable relationship, more than 1,000 laws. essentially i pay no taxes for no other reason than my sexual orientation, no other reason how i was born so it's not even separate but equal. it's separate but unequal. >> and while the entire nation is watching, millions may be directly affected by the decision of nine people in washington. you'll hear from one of those couples next. with the bing it on challenge to show google users what they've
governor jerry brown, mayor chuck reed, and samsung electronic executive. it includes tax breaks and equipment reimbursements. the city of austin, texas offered similar incentives trying to get samsung to move there. >>> the long awaited devil's slide towns could open as early as today. alex savidge is joining us live in pacifica where the ceremony will be hold in a few hours. alex. >> reporter: after eight years of drilling and digging and tod these two new tunnels. this is the highway 1 bypass heres at the devil's slide. these tunnels brand new. take a look at them. live this morning. they are just shy of a mile long and they will create a safe and problem free way for people to get between pacifica and the half-moon bay area. this is a $400 million project that features to bores through the mountain. the tunnel allows drivers to avoid a section of highway 1 that has been plagued over the years by mud slides and rock slides. in many cases those slides have closed the two lane road for months at a time. stranding people that live south of here. devil's slide has been the sight o
, mayor chuck reed, and samsung electronic executive. it includes tax breaks and equipment reimbursements. the city of austin, texas offered similar incentives trying to get samsung to move there. >>> the long awaited devil's slide towns could open as early as today. alex savidge is joining us live in pacifica where the ceremony will be hold in a few hours. alex. >> reporter: after eight years of drilling and digging and building, finally later on today crews are set to unvail these two new tunnels. this is the highway 1 bypass heres at the devil's slide. these tunnels brand new. take a look at them. live this morning. they are just shy of a mile long and they will create a safe and problem free way for people to get between pacifica and the half-moon bay area. this is a $400 million project that features to bores through the mountain. the tunnel allows drivers to avoid a section of highway 1 that has been plagued over the years by mud slides and rock slides. in many cases those slides have closed the two lane road for months at a time.
is anti-food is regulation. john: but they pay taxes and don't collect weare. >> the cost of illegal immigration last year was $113 billion in spee areas of health care, education and incarceration. john: you don't include the cost of paying taxes and starting google. >> here we are with libertarians the focal point* is limited government chaldean rejected thinking and be careful what you ask for the new push forn -- amnesty because the overwhelming majority is %-dependent. government john: how many are not from the united states? how many would like to be citizens sunday? just a couple. >> we all succeed when they succeed. do we want a skilled immigration yes we need less but it suld be skilled. john: that is just half of a @%rcent. >> the city of dallas year after year with. if you have more enforcement which is nonexistent. >> they allow me to go to work every single day. john: on that note we are [ engine revving ] ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just stay alive... but feel alive. the c-class is no except
. but the size of the payout is now very clear. what is also clear is how much that winner will pay in taxes with the higher rates for the rich. here's abc's rob nelson tonight. >> 31. >> reporter: one numbers game now leads to another. the lucky soul who bought the winning ticket in new jersey beat the extraordinary odds of 175 million to 1. the winner can either take a lump sum payment of $211 million. or take the full $338 million over the next three decades. most winners, of course, go for the instant gratification. and this year it comes with a heftier tax bill. in fact. >> $11 million more to uncle sam, this year compared to last year. all thanks to this year's tax hike. the winner's name and hometown could be released as early as tomorrow. >> and i was thinking, is that the right numbers? is that the right numbers? and i was shaking. >> reporter: mark and cindy hill are now using their $136 million in winnings from last year to build a new ball field and firestation in their missouri hometown. others dream of things slightly more self-indulgent. >> a beach house. >> a mansion down in
-immigrant just somebody on a diet is anti-food is regulation. john: but they pay taxes and don't collect welfare. >> the cost of illegal immigration last year was $113 billion in spee areas of health care, education and incarceration. john: you don't include the cost of paying taxes and starting google. >> here we are with libertarians the focal point* is limited government chaldean rejected thinking and be careful what you ask for the new push for an -- amnesty because the overwhelming majority is %-dependent. government john: how many are not from the united states? how many would like to be citizens sunday? just a couple. >> we all succeed when they succeed. do we want a skilled immigration yes we need less but it should be skilled. john: that is just half of a @%rcent. >> the city of dallas year after year with. if you have more enforcement which is nonexistent. >> they allow me to go to work every single day. john: on that note we are john: on that note we are out of time let's see what you got. rv -- covered. why would you pay for a hotel? i never do. motorcycles -- check. atv. i ride thos
-cent sales tax dedicated to water and sewer infrastructure. hunter: that sales tax counts for about a third of the revenue of the department right now. franklin: we got 75% of the voters to agree to tax themselves so that their children and their children's children could have clean water because we're investing in it now. hunter: there were no alternatives. the infrastructure was in dire straits. a lot of people didn't want to believe it had to be done, but it had to be done. what came out of those lawsuits by the upper chattahoochee river keeper were two consent decrees, focused on overflows. the intent is, city of atlanta, you need to keep the flows in the pipe. narrator: with the help of the funding the city raised, atlanta has been implementing an asset management plan that evaluates and addresses their infrastructure issues. hunter: it's a continuum. at one end, you have your regular maintenance that you do every day on the system, and at the other end, long-term planning so that every year we're repairing, replacing the right things, and we don't have to do it all at once, which is,
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